CALGARY, Sept. 24, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EMB" or the "Company") announces that it has granted an aggregate of 590,000 options to purchase common shares of EMB at a price of $0.35 per share (the closing trading price of EMB's shares on the TSXV on September 24, 2012). The option grant includes 490,000 options granted to employees and consultants, and 100,000 options granted to a director who joined EmberClear's Board in January 2012. The options have a term of five years. The stock options are being granted pursuant to the terms of the Company's stock option plan and are subject to regulatory approval.
EmberClear is an energy developer focused on low emission commercial scale projects around the world. Developing facilities using coal or natural gas as inputs to create electricity or transportation fuels characterizes our plants. We utilize our proven expertise in permitting, site-control, and engineering feasibility to leverage our other assets including a license on IP, control systems, and equipment procurement from Huaneng Clean Energy Research Institute (HCERI, a subsidiary of the world's largest power company, Huaneng Power Group of China). EmberClear also holds surface and mineral rights in Schuylkill County, Pennsylvania. This property lies in the Southern Anthracite coalfield of eastern Pennsylvania, USA. Mineral rights held by the company include Anthracite/PCI coal suitable for the metallurgical industry. EmberClear's shares are listed on the TSX Venture Exchange under the trading symbol "EMB".
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of the "safe harbour" provisions of applicable securities legislation. Forward-looking statements are typically identified by words such as "expect", "intend", "may", "will", "believe", "potential" and similar words suggesting future events or future performance. In particular, this document contains forward-looking statements pertaining to, without limitation, our business strategies and plans. With respect to forward-looking statements contained in this document, we have made various assumptions. Although we believe that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
© 2012 EmberClear Corp.
All rights reserved. All other trademarks are the property of their respective owners.
SOURCE: EmberClear Corp.
For further information:
David G. Anderson
Tel: +1 (403) 264-8817